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Jan 21, 2013
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the state of the union, on february 1 #* 12th, there's a deal about deficit reduction, and the ceiling. >> i hope you are right. he's had four years now to really put out there a serious entitlement reform, and he has not because he's not interested in it and the base is not interested in it. >> that will happen, that will happen. >> he gave no conclusion whatsoever if you read the speech, listen to the speech, it was all about the collectivism that thing z have to be done together, justifying the role of expansionist government, and there was no discussion at all about limiting government whatsoever so i hope he does what we're being told he's going to do, but i'm skeptical right now. >> in fact, he even said we got to pay more attention to climate change, tipped the hat, again, to the green energy program, listen to this. >> >> we will respond to the threat of climate change knowing that the failure to do so would betray our children and future generations. path towards sustainable energy sources will be long and sometimes difficult, but america cannot resist the transition, but we h
the state of the union, on february 1 #* 12th, there's a deal about deficit reduction, and the ceiling. >> i hope you are right. he's had four years now to really put out there a serious entitlement reform, and he has not because he's not interested in it and the base is not interested in it. >> that will happen, that will happen. >> he gave no conclusion whatsoever if you read the speech, listen to the speech, it was all about the collectivism that thing z have to be done...
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Jan 17, 2013
01/13
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it will reduce the deficit. obama care has brought the number of uninsured americans to the lowest level since 2008. however, the law would be fully implemented until 2014. it would put pressure on all insurers to lower their premiums in order to compete. it would also provide immediate relief to small businesses and the federal government and all parts of the economy. for example, former defense secretary robert gates has warned the rising -- he has warned of rising military health care costs for years. >> sharply rising health care costs are consuming an ever-larger share of this department. growing from 19 billion in 2001. >> military health care costs have gone up 300% in the past decade. 2012 was the first year since 1995 military personnel saw an increase in health care premiums. now, there are two things republicans love, the military and reducing the deficit. republican should be thrilled with the public option. how can you make a hundred billion dollar mistake? who's doing the math? will it save or won'
it will reduce the deficit. obama care has brought the number of uninsured americans to the lowest level since 2008. however, the law would be fully implemented until 2014. it would put pressure on all insurers to lower their premiums in order to compete. it would also provide immediate relief to small businesses and the federal government and all parts of the economy. for example, former defense secretary robert gates has warned the rising -- he has warned of rising military health care costs...
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Jan 14, 2013
01/13
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deficit would go up. i mean, we're talking about a very punishing thing that will affect american people who had nothing to do with what they're trying to object to or deal with. >> you oo >> you're absolutely right. congress spent that money. they spent it. whether they liked it or not, they were the ones who spent it. but it's more important than that. it's what you point out. the stakes here are really high for the republican party. far be it from you to advise the republican party. but if i did, i would say stay away from shutting the government down. stay away from letting the debt ceiling not be raised because those are things that the american people will hate. they'll hate us defaulting onli blame you for it. they'll hate us shutting the government down. if you want to make a stand, make it in the sequester. the sequester has a lot of things that are painful to the democrats and the president. that's the place to plak the stand. and, look, everyone agrees, every rational person agrees with michael
deficit would go up. i mean, we're talking about a very punishing thing that will affect american people who had nothing to do with what they're trying to object to or deal with. >> you oo >> you're absolutely right. congress spent that money. they spent it. whether they liked it or not, they were the ones who spent it. but it's more important than that. it's what you point out. the stakes here are really high for the republican party. far be it from you to advise the republican...
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Jan 15, 2013
01/13
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. >> this is turning stuff, and the president is saying things like not to worry about the deficit. that is really for the proletarian, the more pedestrian takers among master of the deficit, the sustainable that. this is abject non says that he is doing, and he is being hailed by the national liberal media as some sort of -- some sort of articulation. >> i am one of those who is in the center, a supporter of the bowls' simpson planned and i agree with your characterization the problem is, you are offering a countervailing you. the republicans, with all due respect, are not. there is not an alternative narrative, not pushing the president to negotiate, and he is not talking to anybody. lou: i love this comment. the president saying of the second amendment is not whether we believe in the second member not. you have to literally hear this to believe it. but. >> the issue here is not whether or not we believe in the second amendment. the issue is, are there sensible steps that we can take to make sure that somebody like the individual in newtown cannot walk into a school and gun down
. >> this is turning stuff, and the president is saying things like not to worry about the deficit. that is really for the proletarian, the more pedestrian takers among master of the deficit, the sustainable that. this is abject non says that he is doing, and he is being hailed by the national liberal media as some sort of -- some sort of articulation. >> i am one of those who is in the center, a supporter of the bowls' simpson planned and i agree with your characterization the...
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Jan 15, 2013
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he's the cow author of controversial simpson/bowles deficit reduction plan. find out what he has to say now as we're edging closer and closer to that debt ceiling. >>> later, no way to get to work equals no job. a new study shows 3.5 million jobs will be lost if we don't start rebuilding america's infrastructure, today. we'll debate the high-stakes issue affecting all of us in the back half of the program. don't miss it. back in a moment. what are you doing? nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my... this thing. i save money by using fedex ground and buy my own supplies. that's a great idea. i'm going to go... we got clients in today. [ male announcer ] save on ground shipping at fedex office. omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. because only national lets you choose any car in the aisle. and go. you can even take a full-size or above. and still pay the mid-size price. i could get used to this. [ male announ
he's the cow author of controversial simpson/bowles deficit reduction plan. find out what he has to say now as we're edging closer and closer to that debt ceiling. >>> later, no way to get to work equals no job. a new study shows 3.5 million jobs will be lost if we don't start rebuilding america's infrastructure, today. we'll debate the high-stakes issue affecting all of us in the back half of the program. don't miss it. back in a moment. what are you doing? nothing. are you stealing...
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Jan 18, 2013
01/13
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for the rest of the week, the question is the deficit talks. are they going to lead to something? will they accept a temporary deal or not? will the market have this pullback that everybody, this hour has been talking about. people are waiting for it. a lot of people have cash. they have been keeping the powder dry, waiting for a pullback to go into the market. we may get clues whether that will happen coming up next week. liz: the team will be here for you on fox business, watching. remember what we've seen. five-year highs. watch out for ample next week and so much more. david: you know who is now? liz: "money" with melissa francis. david: we'll watch, melissa. liz: i'm hopping a plane. see you in davos. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider i
for the rest of the week, the question is the deficit talks. are they going to lead to something? will they accept a temporary deal or not? will the market have this pullback that everybody, this hour has been talking about. people are waiting for it. a lot of people have cash. they have been keeping the powder dry, waiting for a pullback to go into the market. we may get clues whether that will happen coming up next week. liz: the team will be here for you on fox business, watching. remember...
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Jan 21, 2013
01/13
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president also did however discuss revamping the tax code, reducing healthcare spending, trying to reduce deficits, but acknowledging the realities of divided government, said, quote, today's victories will only be partial. cheryl? cheryl: peter barnes of course standing by at the white house, big day in d.c., cold day as well. peter thank you. well, while most of the markets are closed today, money is still moving. now is your chance to make money on currencies. joining me now for a fox business exclusive interview is forex.com senior currency strategist. welcome. currency markets are moving today. currency is a bit of great interest with regards to the european currencies and there's japan. big meeting today, bank of japan, more concern about deflation in that country, what is your reading right now on the country of japan and the yen in particular? >> they have been taking some pretty extraordinary measures over the past to months or so -- past two months or so. been very very aggressive in terms of easing the japanese yen. he believes that's going to be the major thing to turn around the japan
president also did however discuss revamping the tax code, reducing healthcare spending, trying to reduce deficits, but acknowledging the realities of divided government, said, quote, today's victories will only be partial. cheryl? cheryl: peter barnes of course standing by at the white house, big day in d.c., cold day as well. peter thank you. well, while most of the markets are closed today, money is still moving. now is your chance to make money on currencies. joining me now for a fox...
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. >> ironically would probably increase our deficit. it is absurd. >> the president won't back down on the debt ceiling or on gun safety. >> the pressing issue of gun reform. >> exactly one month after the tragedy at sandy hook. >> if there is a step we can take that will save even one child we should take that step. >> gun violence continues to wreak its deadly toll each day. >> this is a moment to act. >> congress is incapable of passing an assault weapon ban. >> everybody is totally upset by it. >> what makes sense? what works? >> this is a moment to act. >> this is a promise to turn the conversation into actions. >> if there is a step we can take that will save even one child, we should take that step. >> the lecturer in chief returns to the east room of the white house today to explain something to congressional republicans that previous presidents have not had to explain to congress. >> i want to be clear about this. the debt ceiling is not a question of authorizing more spending. raising the debt ceiling does not authorize more s
. >> ironically would probably increase our deficit. it is absurd. >> the president won't back down on the debt ceiling or on gun safety. >> the pressing issue of gun reform. >> exactly one month after the tragedy at sandy hook. >> if there is a step we can take that will save even one child we should take that step. >> gun violence continues to wreak its deadly toll each day. >> this is a moment to act. >> congress is incapable of passing an...
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Jan 17, 2013
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i mean they are very concerned about the debt to gdp and the budget deficit, which are running at roughly 101% and 8 to 10%. we kind of look like spain looks right now. if anything we might be worse. but what i think happens is the republicans have two shots. march 1st is the sequester where they can challenge or what we think will happen they will wait until the march 27th continuing resolution and they are going to press the president for spending reductions which is absolutely necessary if we want to maintain at least two of our three aaa credit ratings. >> andy, i just find it amazing we now have a culture where it doesn't matter what you said a couple of years ago, even when you're the head guy running the country. we all know, raid or heard and today was the notable quotable in the "journal" when the president was a senator was a different guy when it comes to his interpretation of voting or not voting for the debt ceiling. but i happened in my opinion agree with you on your interpretation of the republicans and the retreat. i think that principle might be a good thing. centerpiece
i mean they are very concerned about the debt to gdp and the budget deficit, which are running at roughly 101% and 8 to 10%. we kind of look like spain looks right now. if anything we might be worse. but what i think happens is the republicans have two shots. march 1st is the sequester where they can challenge or what we think will happen they will wait until the march 27th continuing resolution and they are going to press the president for spending reductions which is absolutely necessary if...
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default would increase borrowing costs and therefore add to future budget deficits. this letter from the treasury secretary intended to put more political and public pressure on congress to do something on the debt ceiling. so we're seeing the administration across the board acting in a very conservative way today. >> thank you very much. >>> up next, he spent millions of his own money warning about dangers of socialism. now the next crisis in washington. tom peterffy will join me next. ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim. from td ameritrade. with the spark cash card from capital one, sven gets great rewards for his small business! how does this thing work? oh, i like it! [ garth ] sven's small business earns 2% cash back on every purchase, every day! woo-hoo!!! so that's ten security gators, right? put them on my spark
default would increase borrowing costs and therefore add to future budget deficits. this letter from the treasury secretary intended to put more political and public pressure on congress to do something on the debt ceiling. so we're seeing the administration across the board acting in a very conservative way today. >> thank you very much. >>> up next, he spent millions of his own money warning about dangers of socialism. now the next crisis in washington. tom peterffy will join...
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Jan 21, 2013
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we must make the hard choices to reduce the chosts of health care and the size of our deficit. but we reject the belief that america must choose between caring for the generation that built this country and investing in the generation that will build its future. [ cheers and applause ] for we remember the lessons of our past when twilight years were spent in poverty and parents of a child with a disability had nowhere to turn. we do not believe that in this country freedom is reserved for the lucky or happiness for the few. we recognize that no matter how responsibly we live our lives, any one of us at any time may face a job loss or a sudden illness or a home swept away in a terrible storm. the commitments we make to each other through medicare and medicaid and social security, these things do not zap our initiative, they strengthen us. [ applause ] they do not make us a nation of takers, they free us to take the risks that make this country great. [ cheers and applause ] we, the people, still believe that our obligations as americans are not just to ourselves but to all poste
we must make the hard choices to reduce the chosts of health care and the size of our deficit. but we reject the belief that america must choose between caring for the generation that built this country and investing in the generation that will build its future. [ cheers and applause ] for we remember the lessons of our past when twilight years were spent in poverty and parents of a child with a disability had nowhere to turn. we do not believe that in this country freedom is reserved for the...
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Jan 15, 2013
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and ironically, would probably increase our deficit. so to even entertain the idea of this happening, of the united states of america not paying its bills is irresponsible. it's absurd. >> if the country defaults on its debt, republicans will take the blame for the damage, as president obama pointed out, the country is required by law to pay for what congress spends. >> congress authorizes spending. they order me to spend. they tell me you need to fund our defense department at such and such a level. you need to send out social security checks. you need to make sure that your paying to care for our veterans. they lay all this out for me. because they have the spending power. and so i am required by law to go ahead and pay these bills. >> many republicans are willing to just let it all burn to the ground. politico reported more and more house republicans are planning to damage the economy. gop officials said more than half of their members are prepared to allow default unless president obama agrees to dramatic cuts he has repeatedly said
and ironically, would probably increase our deficit. so to even entertain the idea of this happening, of the united states of america not paying its bills is irresponsible. it's absurd. >> if the country defaults on its debt, republicans will take the blame for the damage, as president obama pointed out, the country is required by law to pay for what congress spends. >> congress authorizes spending. they order me to spend. they tell me you need to fund our defense department at such...
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Jan 15, 2013
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he said yesterday we have not connected the debt limit with deficit reduction. nothing could be further from the truth. in the past three decades the only thing that has worked in washington to get the spending under control is to tie debt spending to a limit. gramm-rudman. it is a tool that can and should be used. >>gretchen: he seems to think it has nothing to do with spending. what would be your counter to that? >> it has everything to do with spending. again, it's been the most effective tool to be used to try to get washington to finally begin to tighten its belt and do the right thing. if we don't, the country does become bankrupt. some would grew it already -- some would argue it already is, as we saw in that hbo -- hank paulson looked good. >>gretchen: he wasn't playing himself. unfortunately we're out of time, but this discussion could go on and on. >> the american people want us to deal with this issue, and this has been the time and place to do it. we ought to do it in the next few weeks. >>gretchen: senator, great to see you. more "fox & friends" mor
he said yesterday we have not connected the debt limit with deficit reduction. nothing could be further from the truth. in the past three decades the only thing that has worked in washington to get the spending under control is to tie debt spending to a limit. gramm-rudman. it is a tool that can and should be used. >>gretchen: he seems to think it has nothing to do with spending. what would be your counter to that? >> it has everything to do with spending. again, it's been the most...
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Jan 16, 2013
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you can't solve the deficit problem and our debt ongoing unless we in fact reduce our spending. the math doesn't work. >> let me ask you this. if you get spending cut ideas, are you going to agree to more tax increases? >> i think that's the negotiation that needs to happen. >> you want to go for more tax increases after the tax increases that went through on the fiscal cliff? >> i think closing loopholes, i think there has to be revenue enhancement and closing loopholes, already raised the tax rates, but there's got to be some spending cuts to go along with it. i'm not going to give away the store unless we get something in return. >> you did that already. did you that already at the end of the year? >> i'm not in congress thankfully. i'm running a very fiscally prudent state that's well managed and lives within its means and saves money for a rainy day and is growing the economy to produce more growth money by expanding a healthy economy. washington would do a lot to listen and watch what we're doing in utah because we're doing it right. >> you sure r.governor, thanks very muc
you can't solve the deficit problem and our debt ongoing unless we in fact reduce our spending. the math doesn't work. >> let me ask you this. if you get spending cut ideas, are you going to agree to more tax increases? >> i think that's the negotiation that needs to happen. >> you want to go for more tax increases after the tax increases that went through on the fiscal cliff? >> i think closing loopholes, i think there has to be revenue enhancement and closing...
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Jan 18, 2013
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i didn't think it went far enough with regard to deficit reduction. i didn't think it went far enough with regard to entitlements. so i was a no vote, and i walked into the house that night and the republicans were high-fiving saying they don't have the votes and the democrats were figuring out how they could switch their votes and i said wait a minute, we came in with this president in '92, it was the largest class of women, there were 21 new women, 24 democrats. and the president was on the phone, and he said what would it take? and i said a serious discussion about entitlements, further cuts, and i'll only be your last vote because there had only been two -- in the house as you know, a tie vote goes down. >> sure. >> so i said i'd only be your 218th vote and there had been two votes i knew like this in history. one for the impeachment of andrew johnson and the other one for the draft. >> so -- >> and i said -- and they needed me. but i represented the most -- >> the president needed you, correct? >> correct. >> and the president right now needs dem
i didn't think it went far enough with regard to deficit reduction. i didn't think it went far enough with regard to entitlements. so i was a no vote, and i walked into the house that night and the republicans were high-fiving saying they don't have the votes and the democrats were figuring out how they could switch their votes and i said wait a minute, we came in with this president in '92, it was the largest class of women, there were 21 new women, 24 democrats. and the president was on the...
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Jan 18, 2013
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then the risks accumulate and the federal reserve has been printing money to finance the government deficit, buying a lot of government bonds and at some point that is going to come apart and it might come apart, might come apart in a fashion that is rather like august of 2007 where things seem to be going smoothly and then all of a sudden it all falls apart and the question is do we have adequate contingency plans in place should that happen? >> right. >> i fear we do not. >> before we let you go, when these transcripts come out do they evoke any memories for you good or bad about these meetings? >> oh, well they evoke lots of memories. i haven't seen the transcripts of course. i look forward to reviewing it because that was my last full year in office. it was a wonderful experience to be there. i learned an awful lot. and certainly one of the things i reflect on is the various points that we missed that i missed and my colleagues missed. >> william poole, former st. louis fed president, thank you so much for your time. steve, thanks to you for sticking around. >> my pleasure. >> meantime
then the risks accumulate and the federal reserve has been printing money to finance the government deficit, buying a lot of government bonds and at some point that is going to come apart and it might come apart, might come apart in a fashion that is rather like august of 2007 where things seem to be going smoothly and then all of a sudden it all falls apart and the question is do we have adequate contingency plans in place should that happen? >> right. >> i fear we do not. >>...
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Jan 16, 2013
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and the other factor, too, is we can't forget that one of the best anecdotes to a deficit is a strong, growing economy, particularly growing jobs. and so there are things we have to do to grow jobs. >> i think everybody agrees on the jobs front. anyway, senator jack reed, democrat from rhode island, the senior man when it comes to military affairs in the u.s. senate these days. thank you, sir. >> thank you. >>> up next, the presidential limo gets tagged a political punch. and the second term shuffle continues. another cabinet secretary announces his time for departure. >>> plus, former president bill clinton speaks out on secretary clinton's health and how it could affect any ambitions she might have for 2013. >>> but first, today's trivia question. how many presidents have been inaugurated in an even-numbered year? tweet me the answer, @chucktodd and @dailyrundown. the first correct answer gets a follow we say from us. the correct answer and more is coming up on t"the daily rundo " rundown." nothing. are you stealing our daughter's school supplies and taking them to work? no, i was j
and the other factor, too, is we can't forget that one of the best anecdotes to a deficit is a strong, growing economy, particularly growing jobs. and so there are things we have to do to grow jobs. >> i think everybody agrees on the jobs front. anyway, senator jack reed, democrat from rhode island, the senior man when it comes to military affairs in the u.s. senate these days. thank you, sir. >> thank you. >>> up next, the presidential limo gets tagged a political punch....
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. >> reporter: president obama stating very clearly today that he will not negotiate deficit reduction, tax increases and spending cuts attached to the debt ceiling. this of course does follow that bruising battle the year before last, where he did negotiate on the issue, and the u.s. nearly went to the brink of default. he said that congress has to pay the bills that it's already racked up. >> you don't go out to dinner and then, you know, eat all you want and then leave without paying the check. and if you do, you're breaking the law. and congress should think about it the same way that the american people do. you don't -- now, if congress want, to have a debate about maybe we shouldn't go out to dinner next time, maybe we should go to a more modest restaurant, that's fine. that's the debate that we should have. >> reporter: in this press conference that was called last minute in the east room, president obama said he will negotiate a deal on deficit reduction but not, as he put it, quote, with a gun to the head of the american people. as you know, joe, republicans are saying they're
. >> reporter: president obama stating very clearly today that he will not negotiate deficit reduction, tax increases and spending cuts attached to the debt ceiling. this of course does follow that bruising battle the year before last, where he did negotiate on the issue, and the u.s. nearly went to the brink of default. he said that congress has to pay the bills that it's already racked up. >> you don't go out to dinner and then, you know, eat all you want and then leave without...
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Jan 14, 2013
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we just looked at some of the president's numbers op deficit reduction. we'll talk about his news cop france today on that topic and the debt ceiling with the fox all-stars when we come back. [ ship horn blows ] no, no, no! stop! humans. one day we're coming up with the theory of relativity, the next... not so much. but that's okay -- you're covered with great ideas like optional better car replacement from liberty mutual insurance. total your car and we give you the money to buy one a model year newer. learn about it at libertymutual.com. liberty mutual insurance. responsibility. what's your policy? >>> the issue here is whether or not america pays its bills. we are not a deadbeat nation. if congressial republicans refuse to pay america's bills op time, social security checks and veteran benefits will be delayed. we might not be able to pay our troops, or honor contracts with the small business owners. food inspeckors, air traffic controllers. specialist wos track down loose nuclear teles wouldn't get their paychecks. invesors around the world will ask i
we just looked at some of the president's numbers op deficit reduction. we'll talk about his news cop france today on that topic and the debt ceiling with the fox all-stars when we come back. [ ship horn blows ] no, no, no! stop! humans. one day we're coming up with the theory of relativity, the next... not so much. but that's okay -- you're covered with great ideas like optional better car replacement from liberty mutual insurance. total your car and we give you the money to buy one a model...
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Jan 14, 2013
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plus, senator rob portman on the deficit battle shaping up in congress. "squawk box" starts tomorrow at 6:00 a.m. eastern. let's go. ♪ ♪ ♪ [ male announcer ] introducing the all-new cadillac xts... another big night on the town, eh? ...and the return of life lived large. ♪ nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my... this thing. i save money by using fedex ground and buy my own supplies. that's a great idea. i'm going to go... we got clients in today. [ male announcer ] save on ground shipping at fedex office. executor of efficiency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets you choose any car in the aisle...and go. you can even take a full-size or above, and still pay the mid-size price. now this...will work. [ male announcer ] just like you, business pro. just like you. go national. go like a pro.
plus, senator rob portman on the deficit battle shaping up in congress. "squawk box" starts tomorrow at 6:00 a.m. eastern. let's go. ♪ ♪ ♪ [ male announcer ] introducing the all-new cadillac xts... another big night on the town, eh? ...and the return of life lived large. ♪ nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my... this thing. i save money by using fedex ground and buy my own supplies....
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there's actually been several rounds of deficit reduction worth reviewing. back in 2010 and '11, they put a bunch of continuing resolutions or kind of spending caps onto mostly discretionary programs. in 2011 when we had the debt ceiling debacle, they agreed to the budget control act which was another billion dollars, roughly, of cuts. again, mostly from if not entirely from discretionary programs. and then, of course, we had the fiscal cliff which was $650 billion of revenue increases. so so far, we've actually had $2.4 trillion over a ten-year period of deficit reduction. but about 30% of it has come from rev lienue increases and at the other 70% from come from spending cuts. entirely from discretionary programs. >> what's the budget control act? >> it's what came out of the last debt ceiling debacle when the republicans and the democrats agreed on this trillion dollars of roughly discretionary -- all discretionary spending reductions. but the point is, none of this really touches entitlements. none of it touches the mandatory. and its $2.4 trillion. >> wh
there's actually been several rounds of deficit reduction worth reviewing. back in 2010 and '11, they put a bunch of continuing resolutions or kind of spending caps onto mostly discretionary programs. in 2011 when we had the debt ceiling debacle, they agreed to the budget control act which was another billion dollars, roughly, of cuts. again, mostly from if not entirely from discretionary programs. and then, of course, we had the fiscal cliff which was $650 billion of revenue increases. so so...
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Jan 20, 2013
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talking about his legacy, most important thing he could do is tax reform and deficit control. if he could put those two things together, that'd be bigger than health care. >> steve: you know what? if he were to work with the republicans talking reform-- >> i think that's a lock for next year. >> steve: well, he wants to do something about it. some republicans want to do something about it, remember last time with health care, the republicans had a bunch of ideas and the democrats shut them out completely. maybe this time bipartisan. >> brian: that's not the harry reid i know. >> alisyn: let's get to other stories in the headlines, late last noos night, two drones strikes, at least three of the bodies were burned beyond recognition. the death toll could rise in the hostage crisis at a gas plant in algeria. many were killed including one american. two americans are still missing and the crisis ended yesterday when the aerian army attacked the plant killing two militants. president obama said this is attack is another reminder of the threat posed by al-qaeda and other violent ext
talking about his legacy, most important thing he could do is tax reform and deficit control. if he could put those two things together, that'd be bigger than health care. >> steve: you know what? if he were to work with the republicans talking reform-- >> i think that's a lock for next year. >> steve: well, he wants to do something about it. some republicans want to do something about it, remember last time with health care, the republicans had a bunch of ideas and the...
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Jan 14, 2013
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and ironically, would probably increase our deficit. so to even entertain the idea of this happening, of the united states of america not paying its bills, is irresponsible. it's absurd. as the speaker said two years ago, it would be, and i'm quoting, speaker boehner now, a financial disaster not only for us but for the worldwide economy. so we've got to pay our bills. and republicans in congress have two choices here, they can act responsibly and pay america's bills or they can act irresponsibly and put america through another economic crisis. but they will not collect a ransom in exchange for not crashing the american economy. the financial well being of the american people is not leverage to be used. the full faith and credit of the united states of america is not a bargaining chip. and they had better choose quickly because time is running short. the last time republicans in congress even flirted with this idea our aaa credit rating was down graded for the first time in our history, our businesses created the fewest jobs of any mont
and ironically, would probably increase our deficit. so to even entertain the idea of this happening, of the united states of america not paying its bills, is irresponsible. it's absurd. as the speaker said two years ago, it would be, and i'm quoting, speaker boehner now, a financial disaster not only for us but for the worldwide economy. so we've got to pay our bills. and republicans in congress have two choices here, they can act responsibly and pay america's bills or they can act...
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Jan 16, 2013
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it doesn't create new deficits. it doesn't create new spending. so not raising the debt ceiling is sort of like a family, which is trying to improve its credit rating sank i know how we can save money, we won't pay off credit card bills. not the most effective way to improve your credit rating. it was the very slow solution to the debt ceiling in august 2011 i got the u.s. downgraded last time. so it's very, very important that all these issues are important but it's very, very important that congress take necessary action to raise the debt ceiling to avoid a situation where our government doesn't pay its bills. >> a number of people have expressed concern about how much of the challenges actually were addressed in the deal. as you mention it certainly went part way but it leaves another the issues still on the table, and additional negotiations and are looking. would you characterize that as an additional clip that is facing us, or do you think that it's not as concerning as it was when you raised that term initially? >> as i said, the fiscal cli
it doesn't create new deficits. it doesn't create new spending. so not raising the debt ceiling is sort of like a family, which is trying to improve its credit rating sank i know how we can save money, we won't pay off credit card bills. not the most effective way to improve your credit rating. it was the very slow solution to the debt ceiling in august 2011 i got the u.s. downgraded last time. so it's very, very important that all these issues are important but it's very, very important that...
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Jan 21, 2013
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moving forward in tackling debt and deficits, he did talk about tax reform. talk about slowing the growth of these expenses, but still no change in his governing philosophy, if not impassioned defense of his governing philosophy. we have heard from democrats and republicans not throughout the day calling for bipartisanship, calling for working together to solve our problems. this is inauguration day, much like election day after all the votes are tallied and everyone has a mullen of togetherness, showing a willingness to work together. you still have a very divided washington and washington that is trying to wade through these problems with two very different gun and philosophies, two very different ideas on how to achieve success. lori: the president digging in. you mentioned the philosophy. this proposal being floated about. >> right. this is at three day proposal. three months proposal. excuse me. republicans will vote on it in a few days in the house. it has not gone completely shut down, so we may get at three month extension of the debt ceiling. extendi
moving forward in tackling debt and deficits, he did talk about tax reform. talk about slowing the growth of these expenses, but still no change in his governing philosophy, if not impassioned defense of his governing philosophy. we have heard from democrats and republicans not throughout the day calling for bipartisanship, calling for working together to solve our problems. this is inauguration day, much like election day after all the votes are tallied and everyone has a mullen of...
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Jan 18, 2013
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. >> which would put a little hole in the deficit. >> the administration does not support blowing up planets. why would we spend countless taxpayer dollars on a death star with a fundamental flaw that can be exploited by a one- man star ship, doesn't make sense. so again going up to 100,000, but with the rate people are signing up for this thing, they could get to 100,000 pretty easy. >> i think the whole idea is they didn't count on the ease of signing with the world of the internet. >> it's participate -- it's participatory. >>> the department of environmental services says the a 30-inch culprit broke at the intersection of arlington boulevard and south irving earlier this week. there may be low water pressure between 6 and 9 p.m. the county has responded to breaks this week at stafford and 16th streets south and quincy and 13th streets south as well. >>> changing temperatures may have played a role in all those water breaks. how low will they go? topper has a check of our forecast from the weather terrace. >> with clear skies and winds dying down temps will fall very quickly tonig
. >> which would put a little hole in the deficit. >> the administration does not support blowing up planets. why would we spend countless taxpayer dollars on a death star with a fundamental flaw that can be exploited by a one- man star ship, doesn't make sense. so again going up to 100,000, but with the rate people are signing up for this thing, they could get to 100,000 pretty easy. >> i think the whole idea is they didn't count on the ease of signing with the world of the...
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Jan 15, 2013
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what's amazing is that people are now more concerned with the deficit and our dysfunctional government than they are with unemployment. the first time since 2009. >>> there's a troubling new statistic from the department of defense involving u.s. service members. the number of suicides in the military surged to a record high of 349 last year. that's according to the associated press. that exceeds the 295 americans who died fighting in afghanistan in 2012. >>> the military has launched a number of new programs to improve mental health services and increase awareness of the problem which the pentagon has now labeled an epidemic. >>> there's an unlikely voice entering the obesity debate. with local governments considering measures similar to mayor bloomberg's crackdown on large sugary drinks in new york city, soda giant coca-cola now stepping into the conversation. coke has unleashed a new ad campaign that defends its record while acknowledging the company's role when it comes to america's weight problem. nbc's chris jansing with the details. ♪ ♪ teach the world to sing to perfect har
what's amazing is that people are now more concerned with the deficit and our dysfunctional government than they are with unemployment. the first time since 2009. >>> there's a troubling new statistic from the department of defense involving u.s. service members. the number of suicides in the military surged to a record high of 349 last year. that's according to the associated press. that exceeds the 295 americans who died fighting in afghanistan in 2012. >>> the military has...
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Jan 15, 2013
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president obama has racked up more spending, $1 trillion deficits. and it's time that he join us in this effort to get our fiscal house in order. what is a drag on the economy is the spending. that is what is hurting hard-working taxpayer right now. and so we need him to join us in this effort. >> at the end of the day, this is going to be a question about public opinion. what makes you think talking about not raising the debt ceiling or shutting down the government, what have you, is a winner in the court of public opinion? >> well, again, we don't want to shut down the government, but in the court of public opinion, people also know that the federal government and the out of control spending is unsustainable. and large majorities of the american people want us to cut spending, to start making the tough decisions, to balance our budgets, start living within our means. the american people, in their own families, they understand that you have to do that. you have to make the tough decisions. you have to get your budget, you've got to put it in order.
president obama has racked up more spending, $1 trillion deficits. and it's time that he join us in this effort to get our fiscal house in order. what is a drag on the economy is the spending. that is what is hurting hard-working taxpayer right now. and so we need him to join us in this effort. >> at the end of the day, this is going to be a question about public opinion. what makes you think talking about not raising the debt ceiling or shutting down the government, what have you, is a...
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he said he's willing to compromise on cutting the budget deficit but not in exchange for increasing the debt ceiling. the u.s. government has reached a borrowing limit set by law but republicans continue to reject an increase without spending cuts in social security and other programs. now it's not the first time the u.s. has faced such a stand off. in the summer of 2011 the government and coness mained at odds over raising the limit until the last minute. the incident weighed down on share prices. it also prompted the first downgrade on u.s. government bonds. global car makers are showcasing their latest model at the 2013 international auto show in detroit. more than 50 new models are on display. the u.s. automarket has been recovering with sales rising more than 13% from the previous year. japanese automakers are focusing on fuel efficient compact cars that are gaining popularity. toyota is introducing a new streamline model in an effort to attract young u.s. car makers including ford and general motors are showcasing small cars as well as small vehicles like pickup truck. pickup truc
he said he's willing to compromise on cutting the budget deficit but not in exchange for increasing the debt ceiling. the u.s. government has reached a borrowing limit set by law but republicans continue to reject an increase without spending cuts in social security and other programs. now it's not the first time the u.s. has faced such a stand off. in the summer of 2011 the government and coness mained at odds over raising the limit until the last minute. the incident weighed down on share...
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Jan 14, 2013
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we don't have that capability in the federal government to add to the deficit. so you have to open the door to private investment to do this job of rebuilding the power platform in the united states. >> host: and the technology aspect of that is -- >> guest: the technology aspect is manifold. in the last four years alone, the solar industry has gotten on what they call a moore's law curve meaning price performance improves by roughly two times every 18-24 months. in the last four years, we've gotten ourselves in an innovation cycle in batteries so that by the end of 2020 electric vehicles actually will be price competitive with gas-driven cars. the problem with these things is that we can't wait. we can't wait because of the environmental effects, and we can't wait because we need the economy to grow quickly right now. so the book lays out a whole bunch of different ideas for bringing private investment much, much more quickly into the job of rebuilding the power plant. >> host: reed hundt, recently on this policeman james glans was on this program. he's written
we don't have that capability in the federal government to add to the deficit. so you have to open the door to private investment to do this job of rebuilding the power platform in the united states. >> host: and the technology aspect of that is -- >> guest: the technology aspect is manifold. in the last four years alone, the solar industry has gotten on what they call a moore's law curve meaning price performance improves by roughly two times every 18-24 months. in the last four...
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the deficit. there has probably been more pain and drama in getting there than we needed. so finishing the job shouldn't be that difficult if everybody comes to the conversation with an open mind and if we recognize that there's some things like not paying our bills that should be out of bounds. all right? i'm going to take one last question. jackie colmes. >> mr. president. >> yeah. >> i like to ask you, now that you reached the end of your first term, starting your second, about a couple of critsims. one longstanding, another more recent. the longstanding one seems to become a truism of sorts that you and your staff are too insular. that you don't socialize enough. and the second, more recent criticism that your team taking shape knit diverse, isn't as diverse as it could be or even was in terms of getting additional voices, gender, race, ethnic diversity. i would like you to address both of those. >> let me take the second one first. you know, i'm very proud in the first four years we had as di
the deficit. there has probably been more pain and drama in getting there than we needed. so finishing the job shouldn't be that difficult if everybody comes to the conversation with an open mind and if we recognize that there's some things like not paying our bills that should be out of bounds. all right? i'm going to take one last question. jackie colmes. >> mr. president. >> yeah. >> i like to ask you, now that you reached the end of your first term, starting your second,...
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Jan 14, 2013
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governor jerry brown saying he will have balanced budget after years of massive deficit. but is it real? probably not, say budget expert. they say that december money was probably a one-off tied to the fiscal cliff. the wealthy taking gains in december to avoid higher tax rates in 2013. revenues from the new california tax they say won't really kick in until this quarter or later in 2013 as brad williams a california budget expert told me, quote, we suspect the added revenues were related to the federal tax changes rather than the new state tax rates. now it all shows that california is more dependent than ever on the wealthy. the top 1% of earners, remember they pay up to half of the state's total income taxes but revenues from the rich are now harder than ever to predict. back to you guys. >> thank you, robert. let's go to michelle ka brumich >> you will have a lot more cartoons available on the kid section only and also the exclusive video streamers of the new seasons of dallas. as you can see, getting a big texas more with more than 2%. back to you, tyler. >> thank yo
governor jerry brown saying he will have balanced budget after years of massive deficit. but is it real? probably not, say budget expert. they say that december money was probably a one-off tied to the fiscal cliff. the wealthy taking gains in december to avoid higher tax rates in 2013. revenues from the new california tax they say won't really kick in until this quarter or later in 2013 as brad williams a california budget expert told me, quote, we suspect the added revenues were related to...
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Jan 19, 2013
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plus, from immigration to deficit reduction, what else is on his second term to-do list. and is compromise or confrontation the real goal? plus the suicide of an internet activist finds his family crying foul. was aaron schwartz a victim of government intimidation and a run away prosecutor. >> while there's no law or set of laws that can prevent every sinceless act of violence completely, no piece of legislation that will prevent he every tragedy, every act of evil, if there's even one thing we can do to reduce this violence, if there's even one life that can be saved, then we've got an obligation to try it. >> paul: welcome to the journal editorial report, i'm paul gigot, that was president obama rolling out the plan to curb gun violence and the president outlined 23 executive actions, including more steps to make more federal data available from background checks and increased access to mental health services and he called on congress to reinstate the federal assault weapons ban and prohibit high capacity gun magazines that can hold more than ten rounds. so, what's like
plus, from immigration to deficit reduction, what else is on his second term to-do list. and is compromise or confrontation the real goal? plus the suicide of an internet activist finds his family crying foul. was aaron schwartz a victim of government intimidation and a run away prosecutor. >> while there's no law or set of laws that can prevent every sinceless act of violence completely, no piece of legislation that will prevent he every tragedy, every act of evil, if there's even one...
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Jan 18, 2013
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and i remembered some of the earlier deficit reduction battles we had. i voted for virtually all of them. and i was thinking what is changed since those debates? and i think there have been two major changes. number one the deficit is clearly much greater, and that's an added dimension. but secondly, the -- when i think of the ways & means committee, what a change there's been in the competition. when i joined ways & means, barbara had just left the ranking member, and he then went the world bank. i worked with bill frenzel on trade. bill archer was handling the tax material, mainly and bill was working on health care. i think a second major change that effects the debate is changing composition of the republican party. i think it has moved very much more to the right describe it from the days when i joined the committee. and i think that makes it very much more difficult to handle the problems that we have before us. so let me just comment briefly on where we are. you heard the president yesterday. we've had spending cuts of a billion and a half or tril
and i remembered some of the earlier deficit reduction battles we had. i voted for virtually all of them. and i was thinking what is changed since those debates? and i think there have been two major changes. number one the deficit is clearly much greater, and that's an added dimension. but secondly, the -- when i think of the ways & means committee, what a change there's been in the competition. when i joined ways & means, barbara had just left the ranking member, and he then went the...
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Jan 19, 2013
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the second thing is that goes hand in hand with the debt and the deficit. and while republicans love to think that obama's not focused on the debt and deficit, doesn't want to do anything about it, that is absolutely not the case. he has said from the very beginning that it is a big priority but that we need to do it in a balanced way so that we don't hurt those that are most vulnerable. the third is immigration. after this election, the latino community, the latino vote, big reason why this president was re-elected. he owes them that. it has been a priority for him. he is going to find a way to get it done. hopefully republicans understand if they want a chance to get to the white house any time in the next four years, eight years, a generation, they'll have to do something on immigration. >> all right. so, amy, maria's number three is your number one. which is immigration. number two is obama care. number three, mystery scandal. so, let's talk about immigration, first. though i'm dying to get to that scandal. >> good morning. it's so great to see that vie
the second thing is that goes hand in hand with the debt and the deficit. and while republicans love to think that obama's not focused on the debt and deficit, doesn't want to do anything about it, that is absolutely not the case. he has said from the very beginning that it is a big priority but that we need to do it in a balanced way so that we don't hurt those that are most vulnerable. the third is immigration. after this election, the latino community, the latino vote, big reason why this...
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the problem is we deficit spend about 3 to 4 billion dollars a day. we collect, we spend about 10 billion a day and that means that we deficit. we have to borrow 3 to 4 billion dollars a day. we spend more than 700 million dollars a day in interest on a national debt. there are lots of things to do. the president has lots of discretion to curb back that spending to make sure that social security payments are paid, interest is paid we don't default on our debt. >> greta: you know, when he voted as a u.s. senator against the debt ceiling, he talked in essence how irresponsible it was to raise the debt ceiling. what in the world happened between then and now? why does somebody responsible for something raise the debt ceiling that wasn't before? what's the difference? >> i think that the president was terribly irresponsible, to say he's not talking about it because he's above it to blame congress, in part congress creates this problem, but we're going to solve this problem. i got elected to uphold the constitution and leave this country better than how we
the problem is we deficit spend about 3 to 4 billion dollars a day. we collect, we spend about 10 billion a day and that means that we deficit. we have to borrow 3 to 4 billion dollars a day. we spend more than 700 million dollars a day in interest on a national debt. there are lots of things to do. the president has lots of discretion to curb back that spending to make sure that social security payments are paid, interest is paid we don't default on our debt. >> greta: you know, when he...
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Jan 18, 2013
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., our deficit to g.d.p. down around 3%, which is the basis of all economists left, right and center all agree on the areas we can begin to grow as a country. and as my grandfather used to say with grace of god and goodwill of the neighbors, cooler heads will prevail now between now and the time we deal with the debt ceiling and we may meet the goal which we set out to do, which is to have roughly a $4 trillion cut over 10 years in the long-term deficit and to put us on that path. talk didn't come here to about any of those important subjects today, because as important as they all are today we have a more urgent and immediate call and that is how to deal with the epidemic of gun violence in america. you all know the statistics better than anyone so i'm not going to repeat them. on that score, i owe an incredible debt of gratitude to you at the head table and those of you in the room. i know we don't have unanimity in this ballroom nor do we in any ballroom, but we all acknowledge that we have to do something
., our deficit to g.d.p. down around 3%, which is the basis of all economists left, right and center all agree on the areas we can begin to grow as a country. and as my grandfather used to say with grace of god and goodwill of the neighbors, cooler heads will prevail now between now and the time we deal with the debt ceiling and we may meet the goal which we set out to do, which is to have roughly a $4 trillion cut over 10 years in the long-term deficit and to put us on that path. talk didn't...
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Jan 17, 2013
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he is a deficit hawk. more important than that he is a thoughtful and conscious -- voice of a conscious for the senate throughout his term on fiscal responsibility. we worked together in a very effective way to try to bring some sort of bipartisan effort into the requirement that we do something about the debt. it was really, as was mentioned, an idea that we came up with on a long plane ride i think to central america to put together a commission that then threw into the simpson bowls proposal that has become the defining memo for the effort to try to get that is under control. is fond of quoting a friend of his, the foreign minister of australia. we met a few months ago who said to him the united states is one debt deal away from leading the world out of fiscal chaos and disruption. we are. we truly are. we are a nation on the brink of massive economic expansion. from the place that can't is from, north dakota, you see the change in the paradigm on energy. we will go from an important country to exportin
he is a deficit hawk. more important than that he is a thoughtful and conscious -- voice of a conscious for the senate throughout his term on fiscal responsibility. we worked together in a very effective way to try to bring some sort of bipartisan effort into the requirement that we do something about the debt. it was really, as was mentioned, an idea that we came up with on a long plane ride i think to central america to put together a commission that then threw into the simpson bowls proposal...
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the price to fix the dome is $61 million, but when the nation's running a $16 trillion deficit, well, that's just a drop in the bucket. >> props, all right, chad. comings up after the break, who gave the shortest inaugural address in history? followous twitter. give us your guesses. we'll pick tup after the break. . olaf gets great rewards for his small business! pizza! [ garth ] olaf's small busins earns 2% cash back on every purchase, ery day! helium delivery. put it on my spark card! [ pop! ] [ garth ] why settle for less? great businesses deserve great rewards! awesome!!! [ male announcer ] the spark business card from capital one. choose unlimited rewards with 2% cash back or double miles on every purchase, every day! what's in your wallet? well, dad, i spent my childhood living with monks learning the art of dealmaking. you've mastered monkey-style kung fu? no. priceline is different now. you don't even have to bid. master hahn taught you all that? oh, and he says to say (translated from cantonese) "you still owe him five bucks." your accent needs a little work. and these come t
the price to fix the dome is $61 million, but when the nation's running a $16 trillion deficit, well, that's just a drop in the bucket. >> props, all right, chad. comings up after the break, who gave the shortest inaugural address in history? followous twitter. give us your guesses. we'll pick tup after the break. . olaf gets great rewards for his small business! pizza! [ garth ] olaf's small busins earns 2% cash back on every purchase, ery day! helium delivery. put it on my spark card! [...
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Jan 15, 2013
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the deficit. so it should not be surprising, given all the talk, the it the american people think washington is hurting rather than helping the country at the moment. they see their representatives concerned over paying the bills while they overwhelmingly want to focus on growing the economy and creating more jobs. so let's finish this debate and give it businesses and the world the certainty our economy and reputation are still second to none of. we pay our bills. we handle our business, and then we can move on, because america has a lot to do. we have to create more jobs, boost the wages of those that have worked and reached for energy independence, reformed immigration system. we have to give our children the best education possible and do everything we can to protect them from the horrors of gun violence. i am grateful to vice president biden for his work on this issue of gun violence and for his proposals, which i will review later today and address in the next few days and intend to vigorous
the deficit. so it should not be surprising, given all the talk, the it the american people think washington is hurting rather than helping the country at the moment. they see their representatives concerned over paying the bills while they overwhelmingly want to focus on growing the economy and creating more jobs. so let's finish this debate and give it businesses and the world the certainty our economy and reputation are still second to none of. we pay our bills. we handle our business, and...